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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (6975)4/27/1999 4:08:00 PM
From: Paul Senior  Read Replies (2) of 78659
 
re: Bill Miller (Legg Mason) & TOY & STK.

Seems like I keep following this guy into some of his picks. 'Cept he can hold on and make money, and I cannot. Agrhh. Sold most of my TOY to buy THQI. Both have gone up. Gain is there, but my decision was wrong, esp. since I could've had a long term cap. gain w/TOY. (Should have just bought THQI and left TOY alone.) TOY is up strongly today- they are going to emphasize their internet presence-- this is really not new news or really not unexpected.

I have been watching Storage Technology for a while. Today I started a very small position. (And a lousy day it is too to buy stocks --with the market hitting new highs.) Missed buying at the low 2 days ago -- although Miller bought heavily (according to a nice write-up about him in thestreet.com (can be accessed by Yahoo news on STK.) Again, this is not new info. about Miller and STK. He was buying in Nov./Dec according to Kipplinger Dec. issue (p. 106) when STK was at much higher prices. STK is having its troubles. I fully expect the stock to drop to even newer new lows. But for anyone who wants to establish a position (and who might not want to wait for next q announcements), now is an okay time to buy - imo. Big tech co. with lots of people and lots of resources and multibillions in sales. I think they'll be an okay (profitable) investment for anyone who can hold on for a couple of years. For me though -g-, with some of these stocks -- doesn't look like I can sit on 'em long enough.
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